Nobel Prize

“Wake up, Robin”, a gentle hand shook my shoulder. “Let’s go.” It was so very early but I loved those mornings when my father would wake me and take me on an adventure. When I was a boy and we were camping, we would leave in the quiet morning hours to enjoy the lake together,…

Becoming an economist: From early preparation to my new directionFor decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory. Then, around 1990, my research turned to the study of economic systems and my development as an economist took on added dimensions. This biography will start with my student…

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The Prize in Economic Sciences 2013 There is no way to predict whether the price of stocks and bonds will go up or down over the next few days or weeks. But it is quite possible to foresee the broad course of the prices of these assets over longer time periods, such as, the next…

I was born in Rome, Italy, the son of Enrico Modigliani and Olga Flaschel. My father was a leading pediatrician in the city and my mother was a volunteer social worker. My school performance in the early years was good though not outstanding. Then, in 1932, a major trauma occurred. My father died as a…

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